Zurich: 14% increase in P&C premiums in Q1

(CercleFinance.com) - The company's gross written premiums in property and casualty insurance (P&C) rose by 14% in the first quarter, up 9% on a comparable basis.


They were driven by strong growth in commercial insurance and a further improvement in pricing.

The value of Life new business rose by 21% LFL, thanks to a favourable business mix.

In Q1, life new business annual premium equivalent (APE) fell by 4% LFL, taking into account FX factos, acquisitions and disposals.

At 31 March 2021, Zurich's Swiss Solvency Test (SST) ratio is estimated to be 201%, remaining well above its target of 160%.



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